One of the UK's largest electrical contractors has announced a management buyout (MBO).
Gloucestershire-based Clarkson Evans was established by Steve Evans in 1981 and now employs 850 staff across 21 UK branches. The family-run Staverton firm has a turnover of £65m and wired more than 24,000 new UK homes in 2021.
The MBO will see control pass to the existing management team and Mr Evans, the current chair, stepping into the role of non-executive chair. His son, Nathan Evans, the company's previous managing director, is also taking up a non-executive position.
